We see a steep drop off in revenues and units near term, punctuated by a drop in subscriber adds, and an OS refresh that is largely ignored by carriers and consumers alike, driving RIM into a forced sale in 2013.

This is going to be the third inning of RIM’s death spiral.

A year ago RIM earned $1.33 USD per share on revenue of $4.9B USD. This quarter it's expected to circle down to a loss of $0.03 USD per share on revenue of $3.1B USD.

As bad as the numbers may look for June it's expected to get much worse for the second quarter, which will be reported in August. Jefferies analyst Peter Misek told All Things Digital, "It’s going to be terrible with a scoop of worse for August."

#1... Apple would have gone under, but MS bailed them out.#2... Apple had expensive products that people wanted#3... Rim is at 1/16 its previous stock value and has shareholders to pay. Angry shareholders that want some money back.